Envestnet Asset Management Inc. Has $39.94 Million Holdings in Universal Display Corporation (NASDAQ:OLED)

Envestnet Asset Management Inc. lifted its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 44.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,320 shares of the semiconductor company's stock after purchasing an additional 87,801 shares during the period. Envestnet Asset Management Inc. owned 0.60% of Universal Display worth $39,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OLED. Orion Capital Management LLC acquired a new stake in shares of Universal Display in the fourth quarter valued at approximately $29,000. Brown Brothers Harriman & Co. increased its holdings in shares of Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display in the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC grew its holdings in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 0.3%

Shares of OLED stock traded down $0.51 on Thursday, hitting $151.40. The stock had a trading volume of 346,170 shares, compared to its average volume of 613,431. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $234.16. The firm has a market cap of $7.20 billion, a P/E ratio of 31.48, a PEG ratio of 1.64 and a beta of 1.51. The company has a fifty day moving average price of $152.78 and a two-hundred day moving average price of $145.18.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The company had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same quarter in the previous year, the business earned $1.19 EPS. The firm's revenue was up .6% on a year-over-year basis. On average, analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 37.42%.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.